Commonwealth environment for digital energy business

Exhibitor

Product description

Commonwealth environment for digital energy business.Platform for creating, piloting and running new business models over the distributed energy market without a centralized billing system. - Blockchain is used to guarantee confidence relationships between all participants - Smart contracts and tokens enable building any business model between current and new players on energy market - Core technology enables energy and money accounting between millions of producers and consumers within 5 seconds interval

How does it work:1. Device installationOnder-Voltaware device is placed on a rack inside the electricity panel. The metering is connected to the existing wire.2. Device registrationUpon the installation, a unique key is created and recorded as a network participant. If device is disconnected from cable, all contracts become fixed and closed.3. Connecting to networkThe device connects to the network and registers as an energy network participant with a token.4. Smart contract signingProsumers select an energy trading strategy and sign contracts: for device installation and maintenance, for connecting to the traditional network, for network maintenance and utility.Energy exchangePrice is updated every 5 seconds, an iteration of energy exchange is conducted and transactions are stored.